Busan :MunmuBaram Co., Ltd. has secured additional two Electricity Business Licenses (EBLs) from the Ministry of Trade, Industry, and Energy to progress its floating offshore wind project off the coast of Ulsan city, South Korea. With the first EBL obtained in November 2021, MunmuBaram now has obtained all the required EBLs to fully develop the […]
South Korea installed 4.4 GW of PV capacity in 2021 – EQ Mag Pro
Renewable energy output hits 4.8 GW in 2021, again surpassing gov’t goal The Ministry of Trade, Industry and Energy said Jan. 5 that the country’s total renewable energy output in 2021 was 4.8 gigawatts (GW), surpassing the government’s goal by 0.2 GW. Solar power contributed most of the clean power last year, with 4.4 GW […]
South Korea Issue Tender For Supply of 2.2 GW in PV tender, final average price comes in at $0.119/kWh – EQ Mag Pro
Selected projects will be awarded a fixed rate under a 20-year contract under the country’s renewable energy certificate (REC) scheme and will sell electricity to local power distributors. The South Korean Energy Agency has announced the results of the second solar tender planned for 2021. The agency revealed it allocated all the 2,203 MW it […]
LG Energy Solution opens books for South Korea’s largest IPO at up to $10.8 bln – EQ Mag Pro
HONG KONG : Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to […]
South Korea to supply 27.9 million tons of clean hydrogen by 2050 – EQ Mag Pro
The South Korean government will supply 27.9 million tons of hydrogen annually as 100 per cent clean hydrogen by 2050 The South Korean government will supply 27.9 million tons of hydrogen annually as 100 per cent clean hydrogen by 2050. It is expected to generate an economic effect of 1,319 trillion won and reduce more […]
KKR invests in sk e&s redeemable convertible preferred shares – EQ Mag Pro
SEOUL, South Korea : KKR, a leading global investment firm, today announced that KKR has acquired from South Korean energy company SK E&S (the “Company”) KRW2.4 trillion (approximately US$2 billion) worth of SK E&S’ newly issued redeemable convertible preferred shares. The investment will provide KKR with an opportunity to receive cash or in-kind redemption as […]
South Korea: Scientists Create Fuel Cells To Draw Energy From Urine; To Clean Wastewater – EQ Mag Pro
South Korean scientists from Korea Maritime and Ocean University have developed urea-based cells that can extract renewable energy using cheap catalysts. In a major step towards renewable power generation, scientists from South Korea’s Korea Maritime and Ocean University have developed a device that uses human urine to produce clean energy. Named Direct urea fuel cells […]
South Korea to develop solar-powered stratospheric drones by 2025 – EQ Mag Pro
SEOUL : South Korea’s science ministry will develop a solar-powered stratospheric drone by 2025. About 37.4 billion won ($32 million) will be invested into the development of a high-performance drone that can monitor and observe the ground while floating in the stratosphere for over a month. Stratospheric drones can monitor the ground at a high […]
Hydrogen’s role in South Korea’s push to go carbon neutral – EQ Mag Pro
South Korea, like many other developed countries, has set a target for achieving zero net carbon emissions as part of the fight against climate change. President Moon has committed the country to going carbon neutral by 2050. That entails transitioning to renewable energy sources, one of the most cutting-edge sources being hydrogen. Earlier this week, […]
Air Liquide Hydrogen Activities Are Accelerating in South Korea As Demand is Growing Fast
Supported by a strong political commitment, implemented through its “Hydrogen Economy Roadmap”, South Korea is a frontrunner in the shift towards a low-carbon hydrogen economy and clean mobility. Using industrial demand as an anchor, and leveraging its mastery of the full hydrogen value chain, Air Liquide is actively contributing to the fast development of low-carbon […]